Tool for Analyzing Payer Contracts
FeeMaster™“Preparing for reimbursement models that place a greater share of financial risk on the practice” ranks #1 in recent MGMA Medical Practice: What Members Have to Say Survey. Analyze yours with FeeMaster.
Intro
How does FeeMaster™ Work?
In a 2011 research questionnaire MGMA asked members which challenges were most applicable to their daily lives. The top extreme challenge was “Preparing for Reimbursement Models that Place a Greater Share of Financial Risk on the Practice.” “Negotiating Contracts with Payers” also ranked in the top 10 extreme challenges for practices.
More than a decade before this study, Health Business Navigators created FeeMaster to address these very important practice issues related to negotiations with payer contracts.
HBN puts at your fingertips a tool, tailored to your practice, that calculates instantaneously the potential financial impact of nearly any contract fee schedule offer or proposed payer rate amendment.
Details
When you order FeeMaster™
You decide which payer and network contracts to analyze.
HBN staff works with you to determine all of your contracted rate schedules and to pull well-defined data from your practice management system for each contract you want to analyze or renegotiate.
HBN loads your data into your FeeMaster tool
which is pre-populated with formulas and publicly available data. This enables your tool to test an infinite number of payer offers and counter-offers to determine what various reimbursement rates will do to your bottom line, in aggregate and by CPT®. It even has a feature that allows you to export your data to a special tool to analyze proprietary schedules of payers.
An HBN contracting specialist sends you your FeeMaster tool
and walks you through it in a demo lasting up to one hour. They show you the glaring issues the tool can expose about your contracts and chargemaster and answer any questions you might have.
Don’t be intimidated by the analysis and lengthy agreements.
Let HBN import your data into a tool that empowers you to tackle your next negotiation with confidence, see your contract rates in a payer line-up, test the adequacy of your charges, determine which procedures to “carve out” of the standard schedule, and more. Put our decades of payer experience to work for your practice.
Take a closer look at HBN’s
FeeMaster™ tool features:
Feemaster Overview
Click to view larger
Testimonial
“FeeMaster has been invaluable in developing and achieving our group’s financial goals. Can’t say enough about the staff at HBN and the insight they provide us in the contracting process.”
Partner, Roswell Radiology Associates
Health Business Navigators
760 Campbell Lane, Suite 106-160
Bowling Green, KY 42104
Tel: 270-782-7272
Fax: 770-234-4245
info@healthbusinessnavigators.com
CPT is a registered trademark of the American Medical Association.